Project ManagementEssay Preview: Project ManagementReport this essayProject management has become one of the most popular tools for organisations, both public and private, to improve their internal operations, respond rapidly to external opportunities, achieve technological advances, streamline new product development and manage the challenges arising from the business environment.
From the off, its clear MegaTech put a distinction between the organisation as the overall project and the daily activities in which the organisation engages while producing goods and services as processes. Deliverables such as yearly designs or re-designs new technologies and product updates had to be more frequent and quicker to market; project teams were formed around each of the companys product lines and given a mandate to maintain market competitiveness.
MegaTech projects were charactiised by the following properties:Using projects as the building blocks in the design and execution of the organisations strategies thereby realising the companies short and long term goals.
Through yearly re-designs the projects were responsible for producing newer, improved products and services. Because they complement traditional processes, MegaTech used it as a vehicle for going beyond conventional activities.
Projects were used as a change management tool to make alterations in the way they do daily activities.There were a lot of internal organisation collaborations by bringing people from various departments across the company e.g. the combination of engineering, finance and marketing.
Traditional management functions such as planning, organizing, directing and control were applied to all MegaTech projects.The principle outcome was customer satisfaction within the constraints of cost, technical and schedule objectives.The successes of MegaTech project were defined by the four criterions of:Time: project were constrained in by the specified time in which they were to be completedCost: all projects were to operate within budget in order to use resources efficiently.Performance: all projects were developed in order to meet some initially specified and determined technical specifications.Client acceptance: because the client was a key variable, projects were acceptable to the customers intended.What elements of the marketplace in which MegaTech operates led the firm to believe that project management would improve its operations?Project management offers MegaTech a number of practical competitive advantages, including the ability to be both effective in the market
\d6 The most common competitive advantage is that customers are not left to design the services, which is to say, they are left choosing which service they want to provide.MegaTech, after all, is focused on the customer in the market rather than in the product or service, which is why the company decided to have customers develop tools for the customers.In its response to the customer feedback, MegaTech stated:”The MegaTech team and our customers expect that the following actions will be taken: (1) MegaTech, with full awareness of data, use, and performance requirements, will implement on-line tools designed and available to help the customer build a successful business. (2) MegaTech, with full and consistent input from, and support from, the customer and its management teams, will develop the tools and support necessary to help to achieve this goal so that the customer will now have the opportunity to make a decision about their future or remain an independent manager of a business. (3) MegaTech, having taken into account the customer’s financial needs, will provide a solution to meet them, regardless of the situation, within our control and under our instructions and have a strong business plan,” the company says.\d6\ In contrast, a problem that could otherwise impede a large-scale MegaTech innovation has been avoided as it has become less common and is instead more prevalent.\d6\”\tA similar situation occurs in the mobile landscape, where MegaTech projects can only make large, incremental changes to mobile to create less work for customers due to higher costs and lower expectations of customers. However with better service for consumers, consumers and the broader user experience it helps to get an idea of the success of their project.\d6\ When faced with this problem, the customer and management team have to design an agile and comprehensive project management program for consumers, which in turn requires a complete redesign of their own business.\d6\”\t\d6\o The business plan provides a blueprint for the company’s needs as well as to work closely with management staff to support their needs by taking into account their specific needs, values and expectations, including their personal and business interests.\d6\”\t\d6\p Customers have a clear preference and a need to be satisfied with their product or service, which is why MegaTech uses a range of technology to create solutions that are most effective in managing projects that will meet their customers’ needs. The following are the current tasks for MegaTech project managers:\d6\ Create agile and comprehensive project management program based on the principles of the four criterions:The project manager is accountable to the customers.\d6\”\t\d6\t\tAs a team, the following can be arranged in response to a variety of customer questions:\d6\1 Create flexible program that will handle your current projects, which are expected to scale and will meet customer needs.\d6\2 Create project teams that will work at different levels of productivity and scale. In these groups, you need to know in advance how you will work together to reach the desired goals.\d6\3 Create a flexible and proactive program that will enable your project managers to find more creative solutions while still meeting customer needs and make future projects more efficient and cost-effective.\d6\4 Create a comprehensive and efficient business plan based on customer-specific goals.\d6\5 The first three criters of the project manager must make the following observations:\d6\1 Create a plan that includes all of the features of the project and all of the project’s specific aspects.\d6\2 Set a target date for meeting all of the goals.\d6\3 Plan forward to meet customer needs while making all of the project’s specific aspects and to achieve project goals.\d6\4 Set a target and implement a plan that targets the next one, and meets expectations.\d6\5 The plan will cover the following:\d6\1 Design and